Draper Asset Management LLC Sells 1,446 Shares of GE Vernova Inc. $GEV

Key Points

• Draper Asset Management cut its GE Vernova stake by 29.4% in the second quarter, selling 1,446 shares and retaining 3,470 shares valued at approximately $4.08 million.
• Institutional interest remains strong, with BlackRock, Bank of America, Norges Bank and other major investors establishing or significantly increasing positions in GE Vernova.
• GE Vernova benefits from AI-driven electricity demand, grid modernization and strong orders, but investors remain concerned about margin execution, cost pressures and weakness in the wind business. Analysts maintain a “Moderate Buy” consensus with an average price target of $1,133.15.

Draper Asset Management LLC decreased its holdings in GE Vernova Inc. (NYSE:GEV - Free Report) by 29.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,470 shares of the company's stock after selling 1,446 shares during the quarter. GE Vernova accounts for approximately 2.1% of Draper Asset Management LLC's holdings, making the stock its 12th biggest position. Draper Asset Management LLC's holdings in GE Vernova were worth $4,076,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Auto Owners Insurance Co raised its holdings in shares of GE Vernova by 110,973.4% during the fourth quarter. Auto Owners Insurance Co now owns 34,858,156 shares of the company's stock valued at $2,278,224,000 after purchasing an additional 34,826,773 shares during the last quarter. BlackRock Inc. purchased a new stake in GE Vernova in the second quarter worth approximately $25,569,630,000. Norges Bank bought a new stake in GE Vernova in the 4th quarter worth approximately $2,283,114,000. Bank of America Corp DE bought a new stake in GE Vernova in the 2nd quarter worth approximately $2,961,612,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in GE Vernova by 5,171.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,452,858 shares of the company's stock valued at $1,603,114,000 after buying an additional 2,406,326 shares during the last quarter.

Trending Headlines about GE Vernova

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: GE Vernova is positioned to benefit from surging electricity needs from AI data centers and hyperscaler expansion. Demand for heavy-duty gas turbines is supporting higher pricing and could strengthen the company’s Power segment outlook. Anthropic’s Real Constraint Is Electricity Gas Turbine Prices Are on Track to Nearly Triple
• Positive Sentiment: Recent commentary highlights GE Vernova’s expanding orders and backlog across grid equipment and power-generation products. A diversified portfolio may help offset weakness in wind, while long-term demand for grid modernization remains supportive. GEV Stock Rises 37.5% YTD I Wouldn’t Sell GE Vernova
• Positive Sentiment: Potential energy agreements in Venezuela involving GE Vernova could create additional equipment and services opportunities, although the projects remain subject to execution and geopolitical risks. Venezuela’s Energy Reopening Could Benefit Chevron and GE Vernova
• Neutral Sentiment: Analysts and valuation commentary present a mixed picture: market multiples may appear reasonable relative to growth prospects, but discounted-cash-flow analysis suggests the shares are near fair value after substantial gains. GE Vernova Stock Looks Near Fair Value
• Negative Sentiment: The key concern is whether GE Vernova can convert its large order book into sustainable margins. Investors are watching cost inflation, tariffs, supply-chain constraints and execution, particularly as expectations rise. GE Vernova Has the Orders But Can It Deliver the Margins
• Negative Sentiment: Wind remains a drag, with reports noting a sharp decline in the wind business. Erste Group also slightly reduced its FY2027 EPS forecast, reinforcing concerns that future earnings growth may not fully match the stock’s valuation. GE Vernova Analyst Estimate Update

GE Vernova Stock Up 2.6%

GEV opened at $922.25 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. GE Vernova Inc. has a 1-year low of $530.16 and a 1-year high of $1,195.94. The company has a market capitalization of $245.62 billion, a PE ratio of 26.40, a PEG ratio of 4.15 and a beta of 1.15. The firm's 50 day simple moving average is $1,021.80 and its two-hundred day simple moving average is $977.61.

GE Vernova (NYSE:GEV - Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $2.47 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.70). GE Vernova had a return on equity of 42.42% and a net margin of 23.03%.The business had revenue of $11.10 billion for the quarter, compared to analysts' expectations of $10.79 billion. During the same quarter in the prior year, the business earned $1.86 EPS. The company's revenue was up 21.9% compared to the same quarter last year. As a group, equities analysts forecast that GE Vernova Inc. will post 15.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada increased their price target on GE Vernova from $1,195.00 to $1,225.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Sanford C. Bernstein lifted their price objective on GE Vernova from $1,206.00 to $1,298.00 and gave the stock an "outperform" rating in a report on Thursday, July 23rd. Guggenheim upped their price objective on GE Vernova from $1,300.00 to $1,450.00 and gave the company a "buy" rating in a research report on Thursday, July 23rd. Oppenheimer increased their target price on GE Vernova from $1,303.00 to $1,338.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Finally, Mizuho raised their target price on GE Vernova from $913.00 to $949.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, GE Vernova currently has an average rating of "Moderate Buy" and an average price target of $1,133.15.

GE Vernova Profile

GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.

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